Feb 4, 2013 4:00am EST
, that's the last thing the eu or the eurozone needs right now. just when we get the signal of the panic button in the eurozone debt crisis, we have another cloud on the horizon. but that's nothing angela merkel can influence. i'm sure it's going to be a topic of discussion saying, look, is this going to be a government crisis? can you avert this? that is nothing we will hear about. the official communique will sound similar to what we heard out of paris, out of the monte meeting. don't expect a result on this budget summit yet on the table and on we go to the next rendezvous in terms of the budgets. we've got another eu summit in march, which is not -- which is not ear marked, of course, as a budget meeting, but i daresay we will trickle along nicely or unnicely until finally they reach an agreement on the next budget. in terms of the eurozone debt crisis, of course, that's the other point of discussion. at the moment, there's a little bit of cautious shoulder padd g padding, but it will be a bit more cautious because of the aforementioned festering crisis in spain. obviously, what we'
Feb 1, 2013 4:00am PST
reported by eurostat, the eu's statistics office, is a record high for the eurozone after november's original 11.8 percent estimate was revised down. unemployment in the eurozone has been 11.7 percent now for three months. greece has the highest unemployment rate in the eurozone at 26.8 percent. the san francisco bay estuary has now been added to the list of protected wetlands under the federal government. the designation means officials will not promote projects that alter designated eco-systems. the san francisco bay estuary is the largest on the pacific coast. and makes up 77 percent of california's remaining wetland areas. its also home to more than one thousand animal species. the man who says he created the fictional woman that a star college player thought with his girlfriend has spoken out to dr. phil. in an interview on "the dr. phil show" - ronaiah tuiasosopo says although making up lennay kekua was deceptive - it still provided benefits for manti te'o. >> every interview that manti had released and whenever he would reflect on lennay he said nothing but things about how
Feb 4, 2013 9:00am EST
of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and felt good, trends were good and the eu kind of put the kibosh on ceo confidence and capital markets activity. i'm concerned about that. >> you seem less worried. >> we're more worried about the u.s. economy. i think what we're seeing now in the marketplace makes sense. we had the megabanks lead the rally late last year. we recently have switched to the regional banks outperforming the megabanks and now we're getting that normal consolidation period which is to be expected. look at the ten-year treasury yield, that's what we say. if above ten for first quarter -- above 2% for first quarter, then earnings estimates will probably go higher. wh